b. Estimate TCM's FCF for 2009-2013 using the following assumptions: Company's sales will grow at 15% per year over the next five years, cost of goods sold is expected to increase by 2% each year from its 2008 level, CAPEX is expected to be additional 10% of additional sales per year, additional net working capital per year will be equal to 5% of additional sales, depreciation expenses will equal to the prior year total plus 10% additional CAPEX of each year. Since TCM is a going concern we need not be concerned about the liquidation value of the firm's assets at the end of 2013.